New World Development (0017) chief executive Adrian Cheng chi-kong was appointed to chair the Hong Kong Academy for Wealth Legacy – a government-sponsored institute to offer a platform and professional services to family offices and asset managers.

The academy aims to elevate Hong Kong’s status as an international family office hub, said the Financial Services Development Council, which was authorized by the government to set up the organization.

Adrian Cheng is the grandson of Cheng Yu-tung, who founded Chow Tai Fook Jewellery (1929) and New World.

Apart from Cheng, the council also announced the other board members of the academy, including Daryl Ng Win-kong, deputy chair of Sino Land (0083) and chair of beverage brand Yeo Hiap Seng, as well as Amy Lo Choi-wan, the head and chief executive of UBS Hong Kong.

Also in the mix are Jeremy Lam, head of the financial services practice of Deacons, Roger King, senior advisor and founding director of both the Roger King Center for Asian Family Business and Family Office and the Thompson Center for Business Case Studies, and adjunct professor of finance at the University of Science and Technology, in addition to Au King-lun, executive director of the FSDC.

Staff reporter